Job Description
GreenWay Bank is currently seeking a
Compliance, BSA and CRA Officer to join our growing team! In this role you’ll be responsible for leading the development, monitoring, and management of the bank’s compliance function to ensure the bank’s compliance with and adherence to applicable laws and regulations.
The ideal candidate for this role will seek to take a proactive approach to identify regulatory risks, implement and maintain the compliance management framework - including all bank compliance related risk assessments/policies, and work collaboratively with other areas of the bank to foster a culture of compliance within the organization. In this role you’ll utilize your expertise in banking compliance to serve as the go-to person internally for all bank compliance-related questions and matters. If this sounds like a great fit for you and your background, read further and consider applying today!
About Us GreenWay Bank is a local and growing community-focused bank providing financial services to the greater Van Wert, Ohio and Fort Wayne, Indiana regions, with locations in both Van Wert and downtown Fort Wayne.
At GreenWay, our team members are passionate about delivering exceptional service and making local decisions that enrich the lives of the individuals, businesses, and communities we serve -- always keeping our core values of Integrity, Respect, Accountability, Community, and Innovation at the center of everything we do.
Essential Duties & Responsibilities - Oversee the bank’s Regulatory Compliance program, including federal and state regulations related to BSA, CRA, anti-money laundering (AML), and other compliance-related laws.
- Formulate, regularly review and update bank policies in adherence with the changing regulatory landscape and work collaboratively to ensure bank-wide compliance.
- Stay up to date on required regulatory disclosures and ensure the appropriate disclosures are developed for new product offerings and that products comply with applicable laws and regulations.
- Serve as the chair of the Compliance and Risk Management Committee
- Review all bank materials including forms, notices, brochures, and advertisements, for compliance accuracy.
- Oversee, monitor, and manage the AML/CFT program and risk profile ensuring timely updates to reflect regulatory changes or shifts in the bank’s products, services, customer base, and technology.
- Manage all aspects of BSA/AML risk and compliance, suspicious activity reporting, Customer Due Dilligence (CDD) and Enhanced Due Diligence (EDD) as well as CIP and OFAC compliance programs.
- Oversee the reporting of Currency Transaction Reports (CTRs) and manage FinCen information sharing.
- Evaluate the bank's compliance risk exposure and maintain ongoing risk evaluation processes. Conduct regular risk assessments for all new products and recommend corrective actions as needed.
- Develop and deliver training programs for staff on compliance-related issues, including BSA/AML and CRA, determining annual requirements. Work with executive management to develop and deliver annual training for the Board of Directors.
- Prepare and submit required reports to regulatory agencies, management, and the Board regarding compliance activities and findings and maintain accurate records for audit and regulatory review.
- Conduct investigations, prepare reports, monitor transactions as required by BSA/AML regulations and bank policy. Manage and resolve consumer complaints, ensuring compliance with relevant regulations.
- Serve as the primary contact for and assist internal and external auditors or regulatory examiners during compliance audits or exams, providing responses and documentation and follow up with corrective action plans.
- Ensure the bank's CRA program meets the needs of the community and complies with all regulatory requirements and perform all necessary related activities as primary contact.
- Serve as a resource and provide guidance to bank employees on compliance related inquiries. Work with a mindset of continuous improvement and recommend enhancements to processes and systems to improve effectiveness.
Qualifications: - Bachelor’s degree in finance, business, or related field required, or equivalent experience
- Minimum 3-5 years of experience in a compliance related function within a financial institution required. Previous management/supervisory experience is preferred.
- Strong understanding of regulations governing banking compliance, particularly BSA/AML and CRA.
- Excellent communication and decision-making skills
- Strong interpersonal and communication skills with the ability to interact professionally with stakeholders at all levels
- Ability to work both independently and collaboratively in a team-oriented environment; able to effectively influence and guide practical solutions to balance the needs of all stakeholders.
- Exceptional organizational skills with the ability to manage multiple priorities and deadlines effectively
- Strong attention to detail and accuracy to maintain and track the bank’s library of compliance policies and risk assessments
- Able to be flexible, adaptable and maintain resilience in a fast-paced, dynamic environment with rapidly changing priorities.
- Proactive mindset with the ability to anticipate needs, solve problems, and take initiative.
Job Tags
Full time, Local area, Flexible hours, Shift work,